120 Acres± – 1 Tract
Wednesday, November 6, 2019 at 5:00 P.M.
Auction to be held at Sullivan Auction Site, Hwy 136 East, Hamilton, IL
Location & General Information
The Franke farm is located approx. 4 miles west of Colusa, IL along E County Road 2500. The farm is further described as being located in Section 25, T7N – R8W, Appanoose Township, Hancock County, IL.
The farm represents Class A, pattern tiled, investment quality farmland. Farmers & Investors – mark your calendars, this is one of the nicest farms we have ever sold!
- FSA figures indicate 121.48 acres of NHEL cropland currently in row crop production
- PI Rating: 144.8 (Class A)
- Predominantly Sable & Muscatune soils
- Pattern Tiled (see website for map)
- Access is along the south side by E County Rd 2500 & along the east side by N County Rd 1300 (unimproved)
Method & Terms
The Franke farm will be sold on a price per acre basis, based on 120 taxable acres. The farm will not be surveyed.
Immediately following the auction, the successful buyer will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Tuesday, December 10, 2019. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2019 real estate taxes, due and payable in 2020, will be paid by the seller. The 2020 & subsequent real estate taxes will be paid by the buyer(s). Possession will be given at the time of closing, subject only to the current tenant’s farm lease. The farm sells free & clear for the 2020 crop year.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
Connie L. Franke Trust
Mark Franke & Phil Franke – Co-Trustees
Auction Manager: Michael Sullivan (309) 333-0916
James A. Rapp
& Jeffrey L. Terry
Schmiedeskamp Robertson Neu & Mitchell LLP
525 Jersey St., Quincy, IL 62301